LONDON, Jan 26 (Reuters) – ARA gasoline stocks in independently held storage in the Amsterdam-Rotterdam-Antwerp (ARA) hub rose by 5.34 percent in the week to Thursday, data from Dutch consultancy PJK International showed.
Stocks rose as high import flows and local production in the storage and refining hub outstripped exports to other regions including North America and the Middle East, PJK’s Patrick Kulsen said.
Gasoil inventories extended their gains for a fifth week in a row, rising by 2.23 percent, as a contango in the market encouraged storage economics.
Low water levels on the Rhine river and high imports from the Baltics also contributed to the rise in stocks. These levels on the Rhine prevent barges from loading full cargoes at ARA to go on journeys inland.
Imports from the Far East led to a near 35 percent rise in jet fuel inventories, Kulsen said.
|Learn more on current and future market dynamics that impact the ARA tank storage sector in our revised ARA TT study.|
|PJK International is also consulted for (medium and long term) supply and demand forecasting, tradeflow forecasting, oil tanker vessel tracking and its view on price trends on NWE oil markets. Read more on PJK Consultancy Services.|
|*COPYRIGHT NOTICE* – any unauthorised use, duplication or disclosure of ARA stocks data is prohibited without prior approval of PJK International B.V.|